Crossing volumes set to explode

Crossing volumes set to explode

Traders from Europe and the US expect to increase their use of crossing networks by 90% on average over the next two years by adopting new technology and alternative trading techniques, according to a survey conducted by European equity crossing network E-Crossnet.

E-Crossnet surveyed 40 head, senior and specialist traders in the UK, Europe and the US and says the research shows that the volume of business sent to crossing networks is set to rise dramatically.

Furthermore, over 90% of respondents actively use crossing to find natural liquidity and reduce transaction costs.

Nigel Foster, E-Crossnet's chief executive, says: "The overall message coming from the survey is that crossing is increasingly an integral part of the trading process."

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